Page 2 - Loan

₹3.6 trillion given to 22 states under 50-year loan, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Wednesday said about Rs 3.6 lakh crore was given to 22 states so far under 50-year interest-free assistance. Addressing CII GCC Business Summit here, she also said India's capital investment grew to 4.1 per cent (including states) of the GDP in 2024-25 from 1.7 per cent in 2013-14. "The central government has also provided 50-year interest-free assistance to the state governments so that they can have their capital assets increased (with) money to spend on them. The Centre has given 50-year interest-free money to all states and the total of what has been given is about 3.6 lakh crore till now. That is the last four years. "And 22 states have actually used it, resulting in recording more than 10 per cent growth in capital expenditure from their own resources," she said. Sitharaman further said during the last 11 years, 88 airports have been operationalised, 31,000 kilometers of new rail tracks have been laid, Metro networks expanded over

CSC e-Governance Services crosses ₹3,000 crore loan disbursal mark

CSC e-Governance Services India (CSC SPV) has crossed a milestone of Rs 3,000 crore in loan disbursals since July 2023, an official release said on Monday. The disbursal numbers mark a significant stride for financial inclusion under the Digital India initiative. By supporting rural households and small businesses, the initiative has also promoted entrepreneurship, strengthened families, and boosted local economies. "The programme has shown rapid growth, with disbursals of Rs 86 crore in FY 2023-24, Rs 1,631 crore in FY 2024-25, and Rs 1,300 crore till August 2025 in FY 2025-26," it said. So far, nearly 70,000 people have benefitted, of which many are first-time borrowers, seekers of small-ticket loans, and individuals from unbanked segments. Using the network of over 5.8 lakh Village Level Entrepreneurs (VLEs) and in partnership with Piramal Finance, CSC said it has enabled timely and affordable credit for underserved and marginalised communities in remote rural areas, through loa

Live on rent or buy home for Rs 1.8-cr loan? Bengaluru techie asks Reddit

IT professional says he and his wife want to purchase apartment in South Bengaluru without dipping into their savings and investments

Bajaj Markets crosses $3 bn in disbursals, targets $1 bn more in FY26

Bajaj Markets, backed by Bajaj Finserv, has crossed $3 billion in loan disbursals since inception and aims to add nearly $1 billion more in FY26 through 55 lending partners

Govt plans credit guarantees for small firms, exporters hit by US tariffs

The federal finance ministry has proposed to provide 10-15 per cent credit guarantees to banks for advancing loans to stressed small businesses, with turnover up to ₹500 crore

Morgan Stanley, MUFG to syndicate Tata Motors' Iveco acquisition loan

Both global and local banks are considering joining the facility and the deal is expected to be completed by April 2026, pending regulatory approvals

Asian banks fuel more than $2 billion loan boom across Middle East

Growing need for Middle East borrowers, primarily those from the Gulf States, to look beyond domestic capital markets comes as many regional economies press ahead with expensive diversification plans

Vedanta Resources secures $600 mn loan to refinance private credit facility

London-based Vedanta Resources Limited (VRL), the parent firm of Mumbai-listed mining conglomerate Vedanta Ltd, has secured a term loan facility of up to USD 600 million that will be used to refinance a high-cost private credit facility, according to a communication sent to bondholders. The first tranche of USD 380 million has been committed, with the remaining USD 220 million expected to be finalised shortly with other participating banks. Lenders for the USD 380 million facility comprise a consortium of Gulf, Japanese, and European banks, including First Abu Dhabi Bank, Mashreq, Sumitomo Mitsui Banking Corp, and Standard Chartered. "The facility carries a door-to-door tenor of over four years, with an average maturity of approximately three years and a pricing of SOFR (Secured Overnight Financing Rate) plus 450 basis points. "This proactive refinancing, combined with internal cash flows, positions us to fully repay the PCF facility - substantially enhancing our credit profile by

Lilavati Trust files ₹1,000 cr defamation case against HDFC CEO Jagdishan

Lilavati Trust accuses HDFC Bank CEO of running a smear campaign and facilitating fraud, filing a ₹1,000 crore defamation suit and a criminal complaint in Mumbai

Reserve Bank of India eases provisioning rules for infrastructure loans

The Reserve Bank of India proposed in May last year that lenders should set aside 5% of the loan value for an infrastructure project being built to cover risks

Pakistan signs $1 bn syndicated financing deal for 5 years amid crisis

Pakistan signed a five-year long-term syndicated financing facility for USD 1 billion, indicating strong support from leading financiers amid the country's ongoing economic crisis. The Dubai Islamic Bank acted as the Sole Islamic Global Coordinator while Standard Chartered Bank is the Mandated Lead Arranger and Book-runners, a finance ministry statement said on Wednesday. Other financiers include Abu Dhabi Islamic Bank as the Mandated Lead Arranger and Sharjah Islamic Bank, Ajman Bank and HBL as Arrangers, it said. The Ministry of Finance has signed a syndicated term finance facility of USD 1,000 million partially guaranteed by a policy-based guarantee of the ADB (Asian Development Bank) programme Improved Resource Mobilisation and Utilisation Reform', said the statement. The facility is a landmark transaction for the Government of Pakistan that demonstrates strong support from leading financiers in the region. This is a five-year multi-tranche facility including both Islamic and .

HDFC Bank CEO Jagdishan moves Bombay HC to quash FIR by Lilavati Trust

The FIR by Lilavati Trust accuses Sashidhar Jagdishan of accepting ₹2.05 crore from members of the Chetan Mehta Group in exchange for helping them retain control over the Trust

HDFC Bank-LKMM Trust row escalates amid claims over loan irregularities

As LKMM Trust questions the existence of a loan and cites missing documentation, HDFC Bank calls the allegations false and prepares for legal action to protect its interests

Bain Capital gets $136 mn buyout loan for Indian auto parts maker Dhoot

The five-year facility is split into a $111 million term loan and a $25 million revolving credit facility, said the people, who asked not to be identified discussing private matters

Is foreclosing a loan good or bad for your credit score? Explained

Paying a loan before the full tenure is generally seen as a good sign by lenders

Vishwakarma scheme faces challenges with loan approval rate at just 28%

While a total of 13.93 lakh loan applications were submitted to PSBs, only 3.9 lakh were approved, highlighting a significant gap in the disbursement process

Rajiv Yuva Vikasam Scheme 2025: Check last date to apply and other details

The last date to apply for the Telangana government's flagship scheme, Rajiv Yuva Vikasam Scheme, is April 14. Here's all you need to know

Budget 2025-26: Higher loan limit may benefit 10% of KCC accounts

Even now, KCC loan limits are also gradually expanded periodically based on the repayment capacity and overall credit profile of the customer

Dealing with recovery agents, baking a cake: Top personal finance stories

Our weekly newsletter this week has stories on loan customers' rights and the boom in bakery business

Job changes and their significant impact on personal loan approval

Switching jobs means not having required number of salary slips or bank statements to verify your income, which can delay the approval process